The European Institute of Innovation and Technology (EIT) has opened a community hub for innovation in Budapest, the organisation told MTI on Monday.

The EIT Community Regional Innovation Scheme (RIS) Hub is part of a European network that extends to nearly 20 countries. EIT said its hubs serve as a one-stop shop for local stakeholders in the countries in which they are established. Their main mission is to ease access to knowledge and innovation support and identify synergies between the EIT Community and local actors. They strengthen local entrepreneurship and build bridges between local and EU innovation networks.

EIT was established in 2008. It is a part of Horizon Europe, the EU’s Framework Programme for Research and Innovation. They said that as an EU body, they are powering Europe’s entrepreneurs and innovators to develop cutting-edge solutions to pressing global challenges, turning the best ideas into products, services, and jobs for Europe.

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